Plan and Policy

Plan & Policy

CAIT urges govt not to make changes to FDI norms, probe e-comm firms’ biz

Traders' body CAIT on Wednesday urged the government not to accede to any demand by large e-commerce players or US associations for changes or delayed implementation of revised FDI norms for e-commerce alleging that these firms are lobbying hard and its time government should probe their business. CAIT will launch a nation-wide protest if the government accedes to the e-commerce player’s demand to change or delay the implementation of revised FDI norms for e-commerce.

Cabinet approves Rs 22,594-cr expansion of Numaligarh refinery

The Cabinet on Wednesday approved a Rs 22,594-crore expansion of Numaligarh refinery in Assam for increasing the capacity by 6 million tonnes per annum to meet the fuel demand of north-eastern India.

The government will provide a Rs 1,020 crore viability gap funding for the project, said Coal and Railway Minister Piyush Goyal in a news briefing on Cabinet decisions.

Exide brings in new range

Exide Industries Ltd, the country’s largest lead acid storage battery maker, has now rolled out a new range of next generation online UPS called Power NXT. Using cutting edge technology, these online UPS range is targeted at the burgeoning SOHO (small office home office) segment as well as large format retailers.

In battleground Bengal, Amit Shah rallies to counter Mamata’s mega Oppn show

The BJP will kick-start a three-day series of rallies to be addressed by party chief Amit Shah across West Bengal on January 20, a day after Mamata Banerjee's mega show featuring opposition leaders from across the country. The announcement by state BJP president Dilip Ghosh comes amid an apex court directive asking the state government to allow the saffron party to hold public meetings.

Karnataka crisis: Congress calls legislature party meet on Jan 18

A day after two independent MLAs withdrew support to the ruling coalition in Karnataka, Congress general secretary KC Venugopal on Wednesday asserted that none of his party legislators were going to quit and said a clear picture would emerge on Thursday.

"Not even one MLA is going to quit Congress. I have contacted my MLAs, and therefore, I am telling you this very confidently. In fact, by Thursday evening, you will have a clear picture about Karnataka," he said.

Train youth in emerging tech: Kar IT minister to industry

It is critical that the academia, educational institutions and government bodies collectively focused on training and preparing students for new-age and digital technologies to boost the next level growth of information technology and bio-technology, said Deputy Chief Minister of Karnataka, Dr. G Parameshwara.

No Iran oil for private refiners

India will not share the limited supply of Iranian crude allowed under a US waiver from sanctions with private refiners, according to people with knowledge of the matter. That is a departure from the earlier practice of splitting exempted volumes.

India poised for growth; space for 100 bps rate cut over time: Sanyal

After a brief disruption from oil price hike, high US interest rates and NBFC rollover problems, India is poised for accelerated growth from November onwards and has the potential to hit 7.3 per cent expansion rate and retain the fastest growing economy tag even in the next fiscal, Sanjiv Sanyal, (in pic) principal economic advisor in the ministry of financé, has said.